Congratulations on the recognition of regulatory agencies in Hong Kong and Singapore by @ Lumenetwork. This is also part of my recent discussions with them about on chain securities firms. Although PLUME's approach differs greatly from that of on chain securities firms, their direction is the same, which is to smoothly bring RWA's assets onto the chain and bring real assets onto the chain. This path is not easy to take, but only compliance can bring in large funds. Compliance may not be a mandatory requirement for RWA or real asset on chain, but it can bring a sense of security to investors and open up the entry threshold for large funds. Of course, I don't care much about this from China Merchants Bank, but it also represents the recognition of traditional institutions, all after compliance. I hope to have the opportunity to collaborate in the field of on chain securities firms.